CME Group has secured a new $1 billion multicurrency revolving line of credit to replace its three-year revolver and term loan that were due in August 2011. The new loan is set to expire in January 2014.

The company has prepaid a $420.5 million term loan due to mature in August 2011 through a combination of commercial paper and available cash. An interest rate swap related to the term loan has been terminated. Bank of America served as administrative agent, while Merrill Lynch, Pierce, Fenner & Smith , Barclays Capital, UBS Securities and Wells Fargo Securities were the joint lead arrangers.

Click here for the release from PR Newswire.